Western Midstream: Commitment to Investor Contentment with Steadfast Earnings Performance

Loading...
Loading...

By the close of today, November 13, 2023, Western Midstream WES will issue a dividend payout of $0.57 per share, resulting in an annualized dividend yield of 8.32%. Only those investors who owned the stock prior to the ex-dividend date on October 31, 2023 will receive this payout.

Western Midstream Recent Dividend Payouts

Ex-Date Payments per year Dividend Yield Announced Record Payable
2023-10-31 4 $0.57 8.32% 2023-10-19 2023-11-01 2023-11-13
2023-07-28 4 $0.56 8.13% 2023-07-21 2023-07-31 2023-08-14
2023-04-28 4 $0.5 7.62% 2023-04-20 2023-05-01 2023-05-15
2023-01-31 4 $0.5 7.23% 2023-01-20 2023-02-01 2023-02-13
2022-10-28 4 $0.5 7.29% 2022-10-21 2022-10-31 2022-11-14
2022-07-29 4 $0.5 7.52% 2022-07-21 2022-08-01 2022-08-12
2022-04-29 4 $0.5 7.46% 2022-04-21 2022-05-02 2022-05-13
2022-01-28 4 $0.33 5.51% 2022-01-21 2022-01-31 2022-02-14
2021-10-29 4 $0.32 5.65% 2021-10-22 2021-11-01 2021-11-12
2021-07-29 4 $0.32 6.92% 2021-07-20 2021-07-30 2021-08-13
2021-04-29 4 $0.32 6.6% 2021-04-20 2021-04-30 2021-05-14
2021-01-29 4 $0.31 7.52% 2021-01-18 2021-02-01 2021-02-12

In terms of dividend yield, Western Midstream finds itself in the middle ground among its industry peers, while TORM TRMD takes the lead with the highest annualized dividend yield at 19.25%.

Analyzing Western Midstream Financial Health

Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.

YoY Growth in Dividend Per Share

From 2019 to 2022, there was a decline in the company's dividend per share, dropping from $2.83 in 2019 to $1.83 in 2022. This negative trend suggests a reduction in the company's dividend distribution, which requires careful investigation to identify the underlying causes.

YoY Earnings Growth For Western Midstream

From 2019 to 2022, Western Midstream experienced a growth in earnings per share, with an increase from $1.04 to $2.73. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.

Recap

This article provides an in-depth analysis of Western Midstream's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.57 per share, resulting in an annualized dividend yield of 8.32%.

In terms of dividend yield, Western Midstream finds itself in the middle ground among its industry peers, while TORM takes the lead with the highest annualized dividend yield at 19.25%.

The declining dividend per share and rising earnings per share of Western Midstream from 2019 to 2022 indicate a deliberate decision to prioritize reinvestment of profits into the company's operations over dividend payments.

To remain updated on any changes in financials or dividend disbursements, investors should closely observe the company's performance in the coming quarters.

\To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Ex-Date
ticker
name
Dividend
Yield
Announced
Record
Payable
Posted In: DividendsBZI-DP
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...